The Tractors and Agricultural Machinery Manufacturing industry has performed well over the five years to 2015, due to the economic recovery and above-average performance of the agricultural sector in the early part of this five-year period. Favorable interest rates, which were set by the federal government to spark investment, gave farmers incentive to finance new equipment. In the coming years, continued demand for crops will generate moderate demand for agricultural machinery. Industry operators are projected to benefit from resurgent demand for tractors and other machinery in South America and Asia.
Industry operators manufacture agricultural machinery and equipment and powered home lawn and garden equipment. Key agricultural equipment includes tractors, harvesting and seeding machinery and other hardware such as grinders, mixers, wool presses and windmills.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.